17 Mar 2010Blog

Two Barbados insurance firms blocked from writing new business — TrinidadExpress

by Jonathan

Two insurance companies in Barbados that form part of the cash-strapped CL Financial empire have been prohibited from writing new business by the Supervisor of Insurance in that country.

CLICO International Life and British American Insurance Company in Barbados will both be placed under judicial management-but for different reasons, Barbados Prime Minister David Thompson said.

via TrinidadExpress.